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220 Jones Ct, Lake Lure, NC 28746

3 beds • 3 baths • 2444 sqft

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This property looks like a bad Mid-Term investment with a projected -0.15% first-year return on $121k initial cash invested.

-0.15%

Cash On Cash

6.32%

Cap Rate

1.07

DSCR

$4,450

Rent

-$15

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$491k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,240

Closing costs

1%

$4,912

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,450

Total Expenses

$4,465

Mortgage P&I

54%

$2,425

Property Taxes

6%

$270

Home Insurance

4%

$174

HOA

2%

$82

Property Management

12%

$534

CapEx

4%

$178

Vacancy

3%

$134

Maintenance

4%

$178

Other

11%

$490

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